New New Orleans: production or vouchers?
“When you come to a fork in the road, take it.”
– Yogi Berra
What’s the best way to re-house the thousands displaced from New Orleans? Conceptually, there are two choices:
Supply side. Build (or rebuild) whole new communities.
Demand side. Give people cash home-renting power and let the find them housing.
Yes, subsidy is often involved.
Aside from its timeliness, [...]
